Bullish Momentum Accompanies GBPUSD, Seek Buying Opportunities

GBPUSD Analysis – The GBPUSD rally continues due to the weakening of the US dollar.

Today’s Trading Strategy:

Consider BUYING GBPUSD if it breaks above the range of 1.27116 – 1.27347, with potential gains towards the zone of 1.27574 – 1.27773.

Alternatives:

If the resistance zone of 1.27116 – 1.27347 fails to be breached, it may push GBPUSD downwards towards the range of 1.26117 – 1.25953.

Resistance Levels

• R1: 1.27347
• R2: 1.27773
• R3: 1.28054

Support Levels

• S1: 1.25953
• S2: 1.25212
• S3: 1.24415

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